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Some Current Legal Issues Concerning Trade and Investment in Egypt

Some Current Legal Issues Concerning Trade and Investment in Egypt SOME CURRENT LEGAL ISSUES CONCERNING TRADE AND INVESTMENT IN EGYPT Howard L Stovall* In this article a few observations will be made on the current commercial environment in Egypt, then I will briefly summarize the modern development of certain Egyptian commercial laws and, finally, discuss some of the more important legal issues which may arise when a foreign company is selling to, or doing business in, Egypt. COMMERCIAL ENVIRONMENT The Arab Republic of Egypt ("Egypt") holds a strategic political, cultural, and commercial position in the Middle East, at a point where Europe, Asia and Africa meet.1 1 Egypt enjoys substantial financial and political support from the United States and other Western governments. In the summer of 1986, then-Vice President George Bush visited Cairo and confirmed: "A stable Egypt is vitally in the interest of the United States".2 2 Among the more publicized recent examples of such financial support: the French helped build Cairo's new subway, the Americans and British are coordinating the mammoth Cairo wastewater project, and the Japanese government funded Cairo's new Opera House (officially named the "Education and Culture Center"), which opened last October in Zamalek. 3 Foreign companies continue to find Egypt to be a http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Arab Law Quarterly Brill

Some Current Legal Issues Concerning Trade and Investment in Egypt

Arab Law Quarterly , Volume 5 (2): 124 – Jan 1, 1990

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Publisher
Brill
Copyright
© 1990 Koninklijke Brill NV, Leiden, The Netherlands
ISSN
0268-0556
eISSN
1573-0255
DOI
10.1163/157302590X00044
Publisher site
See Article on Publisher Site

Abstract

SOME CURRENT LEGAL ISSUES CONCERNING TRADE AND INVESTMENT IN EGYPT Howard L Stovall* In this article a few observations will be made on the current commercial environment in Egypt, then I will briefly summarize the modern development of certain Egyptian commercial laws and, finally, discuss some of the more important legal issues which may arise when a foreign company is selling to, or doing business in, Egypt. COMMERCIAL ENVIRONMENT The Arab Republic of Egypt ("Egypt") holds a strategic political, cultural, and commercial position in the Middle East, at a point where Europe, Asia and Africa meet.1 1 Egypt enjoys substantial financial and political support from the United States and other Western governments. In the summer of 1986, then-Vice President George Bush visited Cairo and confirmed: "A stable Egypt is vitally in the interest of the United States".2 2 Among the more publicized recent examples of such financial support: the French helped build Cairo's new subway, the Americans and British are coordinating the mammoth Cairo wastewater project, and the Japanese government funded Cairo's new Opera House (officially named the "Education and Culture Center"), which opened last October in Zamalek. 3 Foreign companies continue to find Egypt to be a

Journal

Arab Law QuarterlyBrill

Published: Jan 1, 1990

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